Today is Friday the 13th: Should the Market Be Scared? History Says Yes

Oct.13.06 | About: SPDR S&P (SPY)

This is good ole Friday the 13th...the real deal Friday the 13th, which means the October edition of that haunted date.

So for a little fun, we looked back at how the S&P 500 has performed on this day since 1928. Unfortunately, it has been pretty spooky for the markets (10/13/89 especially), as the S&P has been down 7 of 11 times for an average overall loss of 71 bps.

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